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Understanding is to replace the Joint Decree SKB Year 2004 between the Attorney General of RI, the
State Police Chief, and the Governor of BI. Some key points set out in the said Memo of Understanding
and its Implementation Guidelines are concerning the scope of coordination, organization and tasks of the
Coordination Team, and also implementation of the coordination.
b. Agreement between BI and the Deposit Guarantee Agency Nos.141KEP.DpG2012, KEP.001KEI2012
dated 4 January 2012 concerning Mechanism of the Handling of Alleged Banking Criminal Acts to Banks
which Licenses Have Been Revoked. Several key points set out in the said Agreement are the completeness
of supporting documents, assistance during the investigations, discussion of investigation results,
development of tipibank handling, and inancing of the investigations.
With the Memo of Understanding, it is expected that the handling of Tipibank can be done more rapidly
and optimally through the coordination in the following matters:
• Discussion on the alleged banking crimes; • Reporting of the alleged banking crimes;
• Provision of Witnesses; • Provision of Experts;
• Blocking of Accounts; • Coniscation of money and documents;
• Exchange of information, etc. With the coordination of this Tipibank’s handling, it is
expected that law enforcement eforts in the ield of banking will be optimized and be able to provide a
deterrent efect for the perpetrators of Tipibank, and eventuallycan realize a sound and resilient banking
system.
2. Policy related to Banking Mediation
Its function in banking mediation is conducted by BI
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based on PBI No.85PBI2006 concerning Banking Mediation as has been amended by PBI No.101
PBI2008. The main purpose of this banking mediation process is to help settling disputes between customers
and banks. Should this process not be implemented, it would potentially be detrimental to customers’
interests and could afect the reputation of the banks. Banking mediation is also directed to facilitate small-
scale customers in accessing the eforts to settle disputes with banks through a simple, afordable, and
fast method. Along with the progress of banking transactions
which are becoming easier and faster, potential problems arising from the transactions in question
also increases. One of the problems is characterized with the used of an account opened with incorrect
identity to accommodate the crime fraud through the fund transfer facilities. To follow up on the above issue,
banking facilitated by BI developed “Bye Laws on the Blocking of Customers’ Deposit Accounts” Bye Laws.
The said Bye Laws are intended to facilitate Banks in the handling of frauds using fund transfer means
and also in order to provide protection to victimized customers. Furthermore, in connection with the
enactment of Act No. 10 Year 2008 concerning Prevention and Eradication of Money Laundering UU
TPPU, BI again facilitated banking to make changes to the Bye Laws harmonized with UU TPPU. One of
the materials for change is the synchronization of Bye Laws terminologies with UU TPPU.
To follow-up the proliferation of texting through Short Message Services SMS to public, which has
been suspected to be one mode of fraud using a bank account which is allegedly opened by incorrect
identity, BI has requested commitments from banking to conduct follow-ups on any account used for
fraud and determine the most appropriate efort in providing protection to the customers.
B AB 4
BANKING POLICY DIRECTION
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